A flat trading session
ended on bullish note for the second consecutive day on April 28 with Nifty
finished near 9400 level. At close the Sensex was up 371 points at 32114,
and the Nifty was up 98 points at 9380. Investors stay anxious about a possible
announcement of relief package by the government. Over the next few
days, investors are expected to track the government’s exit plan after lockdown
and company results. Among major results expected today, Axis Bank is expected
to announce its March quarter results. Globally, stock markets seem to be stabilizing
as nations around the globe have either eased or planning to ease some lockdown
rules, allowing resumption of key economic activity.
Nifty formed a bullish candle on the daily chart. The index now has strong resistance near the 9455-9500 levels, and if it manages to surpass and sustain above this zone, then we may see some change in momentum from negative to neutral. Below 9200, the index may once again see pressure towards immediate support at 9100 -9000.
Nifty formed a bullish candle on the daily chart. The index now has strong resistance near the 9455-9500 levels, and if it manages to surpass and sustain above this zone, then we may see some change in momentum from negative to neutral. Below 9200, the index may once again see pressure towards immediate support at 9100 -9000.
Resistance: 9455, 9500
Support: 9100, 9000
good information share here .
ReplyDeleteThank u keep reading
Deleteyour blog always be good .
ReplyDeleteThank u keep reading
Deletevery informative post keep it up
ReplyDeleteThank u keep reading sir.. for live market calls whatsapp on 9039542248
Delete